Arbitrum Price Tests $0.163 Support After Rally

Arbitrum's daily gain contrasts with falling trading volume, leaving questions about the strength and staying power of its recovery. The four hour chart also indicates further downward potential with support at $0.14 and a stronger support level around $0.115. Binance leads ARB futures activity across open interest, volume and trade count, although exchange data does not reveal market direction. The price action of Arbitrum is stuck between a short-term recovery and a bigger corrective structure, and traders are keeping an eye on the nearby support and resistance.

Source: CryptoNewsLand